On the recordJuly 19, 2022
we have broken another record. Unfortunately, it is not the kind of record we want to boast about. Last week, the latest Consumer Price Index exceeded inflation expectations at a staggering 9.1 percent. In Utah, that rate is much higher. The Biden administration's evolving blame game has shifted. It has shifted its focus from the pandemic to the supply chain and then from the supply chain to Putin. There is, however, a more coherent answer: Government continues to spend more than it has--a lot more. Last year, we saw this play out. This Congress spent a stunning $6.8 trillion while collecting just over $4 trillion in revenue. With the return of legislative earmarks, porkbarrel spending, meanwhile, has increased over 1,700 percent. Rather than recognizing the problems associated with spending more than the government brings in, the government simply prints itself more money. Like a child stricken with affluenza, rather than being cut off, the government helps itself to more money. It doesn't take long to lose the value of a dollar when you are not spending your own money. Government is no different. While hard-working Americans pinch pennies, lawmakers spend carelessly. To pay for their next project, they threaten to raise taxes. When they don't have the support to raise taxes, they nevertheless continue to spend and drive up inflation.…





